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  1. #1
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    My theory to becoming a millionaire by sports betting

    - Have at least a bank roll of $1000 to start (every rich person didn't get rich from not investing)
    - Bet 5% of your bank roll ($1000) on 20 games (so you have played your whole bank roll on 20 different games
    - On average, I have calculated in order to break even you need to win 54% of the games
    - So imagine taking 20 games in a season of your favourite sport and only having to guess 54% of them correct, easy huh?
    - Gain anything over 54% and you can make a profit
    - Average percentage increase in bank roll each week is 7% from going over the 54% thresh hold
    - Each week your bank roll increases by 7%
    - Week 1= $1070 week 2= $1144 week 3= $1224 and so forth
    - 7% may not sound like much but once your bank roll gets bigger, 7% increase becomes more noticeable
    - Repeat this for a few months
    - Include interest rates from saving which will further increase your bank roll
    - Eventually you will reach a million

    Tip:
    Don't spend any of your bank roll untill you reach a million or unless you get into extreme financial hardship. Spending your bank roll will slow down the process.

    Never bet more than 5% of your bank roll on any 1 game.

    Don't be greedy.

    EDIT: The figures are averages that have been calculated by myself and various other betting bloggers and experts alike.
    Last edited by calvesbrahhhh; 09-21-2012 at 01:30 AM.
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  2. #2
    Banned MyBodyIsRdy420's Avatar
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    looks like youre about to become a millionaire, OP. congrats dude, wasn't that easy?>!?!
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    Originally Posted by MyBodyIsRdy420 View Post
    looks like youre about to become a millionaire, OP. congrats dude, wasn't that easy?>!?!
    It takes perseverance but any millionaire will tell you they didn't become what they are by not taking risks and doing their homework. If you do this and are smart about it, then you can become a very wealthy man. Billy Walters is an example.
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    Originally Posted by calvesbrahhhh View Post
    It takes perseverance but any millionaire will tell you they didn't become what they are by not taking risks and doing their homework. If you do this and are smart about it, then you can become a very wealthy man. Billy Walters is an example.
    wow wise words man im getting emotional over here
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  5. #5
    Registered User BillVickerson's Avatar
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    Isn't this why there are spreads on games?
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    Originally Posted by MyBodyIsRdy420 View Post
    wow wise words man im getting emotional over here
    Not sheriff srs.
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    Now someone explain why this wouldnt work
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    I dont understand, so correct me if im wrong bro but here in Aus, some teams pay as low as $1.02 to $1.50, so i don't see how you can always break even if you have atleast a 54% success rate
    Like I said, we hongry
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  9. #9
    This too shall pass Cricket87's Avatar
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    Or you could just travel to the future and buy a sports almanac.
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  10. #10
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    have you never heard of odds on a match? the fuk OP
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  11. #11
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    Originally Posted by BillVickerson View Post
    Isn't this why there are spreads on games?
    The figures from the OP are averages that have been calculated.
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  12. #12
    Registered User EricTheGreat's Avatar
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    Well you have the bankroll management down, now all you have to do is win, which you probably won't.
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  13. #13
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    bookies will ban/limit you before you get anywhere near
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  14. #14
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    Originally Posted by Afterword View Post
    Now someone explain why this wouldnt work
    The house always wins, always.
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  15. #15
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    Originally Posted by Dfekt3d View Post
    I dont understand, so correct me if im wrong bro but here in Aus, some teams pay as low as $1.02 to $1.50, so i don't see how you can always break even if you have atleast a 54% success rate
    Brah 54% is the average amount you need to win.
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  16. #16
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    Words included: easy
    words not included: odds

    On average OP is a phaggot, and proven once again today!
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  17. #17
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    Originally Posted by NeoginCF View Post
    The house always wins, always.
    Tell that to Billy Walters. Search him if you dont know who he is.
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  18. #18
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    Thanks for the brilliant plan that 90 percent of people haven't already thought of OP. I'm on to my millionaire scheme. Starting tomorrow.

    Negged.
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    Banned calvesbrahhhh's Avatar
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    Originally Posted by EricTheGreat View Post
    Well you have the bankroll management down, now all you have to do is win, which you probably won't.
    Win on average 54% of your bets and you break even. Think about it, that's actually not too hard. Especially if you knw a lot about the sport in which you are betting on.
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  20. #20
    Serious SeriousDon's Avatar
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    Originally Posted by calvesbrahhhh View Post
    - Have at least a bank roll of $1000 to start (every rich person didn't get rich from not investing)
    - Bet 5% of your bank roll ($1000) on 20 games (so you have played your whole bank roll on 20 different games
    - On average, I have calculated in order to break even you need to win 54% of the games
    - So imagine taking 20 games in a season of your favourite sport and only having to guess 54% of them correct, easy huh?
    - Gain anything over 54% and you can make a profit
    - Average percentage increase in bank roll each week is 7% from going over the 54% thresh hold
    - Each week your bank roll increases by 7%
    - Week 1= $1070 week 2= $1144 week 3= $1224 and so forth
    - 7% may not sound like much but once your bank roll gets bigger, 7% increase becomes more noticeable
    - Repeat this for a few months
    - Include interest rates from saving which will further increase your bank roll
    - Eventually you will reach a million

    Tip:
    Don't spend any of your bank roll untill you reach a million or unless you get into extreme financial hardship. Spending your bank roll will slow down the process.

    Never bet more than 5% of your bank roll on any 1 game.

    Don't be greedy.

    EDIT: The figures are averages that have been calculated by myself and various other betting bloggers and experts alike.
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  21. #21
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    http://www.billionairegambler.com/20...y-walters.html

    Billy Walters, Sports betting millionaire.
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  22. #22
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    Originally Posted by SeriousDon View Post
    Stronger chances of losing then winning, I'll continue my night job as a prostitute
    No, Because in sport it is not necessarily a 50/50 chance a team will win/lose. Think about it, if you are betting on the Spanish football team against the Northen Irish team then obviously it wont be 50/50 and your chances will go up if you bet on Spain.
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    Originally Posted by calvesbrahhhh View Post
    Brah 54% is the average amount you need to win.
    Ahh sorry misread the OP
    Reps if you post your calculations used to get this 54% average
    Like I said, we hongry
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    more like a theory on how to break even. and lol @ billy walters the guy is not a gambler.
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    Originally Posted by calvesbrahhhh View Post
    No, Because in sport it is not necessarily a 50/50 chance a team will win/lose. Think about it, if you are betting on the Spanish football team against the Northen Irish team then obviously it wont be 50/50 and your chances will go up if you bet on Spain.
    which is reflected in lower odds on spain > strike rate needs to be higher > in the long term the bookmaker wins > herp derp derpity durp.

    The key to winning is find value odds so you can beat the bookie, which is not easy.
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    First of all, winning more games than losing is easier said than done. Second, depending where you place your bets, some places charge higher juice than others, so you'd probably have to win more than 54% to come out ahead. And how did you even come up with 54%? Sounds like you'd need to hit that number just to break even because of the juice.
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    Originally Posted by Dfekt3d View Post
    Ahh sorry misread the OP
    Reps if you post your calculations used to get this 54% average
    http://www.drbobsports.com/essays.cfm?p=8

    It's common knowledge amongst sports investors that 52-56 percent is the average break even range you need.

    EDIT: oh and Billy Walters claims a 57% percent win average and he is a millionaire.
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    Originally Posted by 84renzo View Post
    which is reflected in lower odds on spain > strike rate needs to be higher > in the long term the bookmaker wins > herp derp derpity durp.

    The key to winning is find value odds so you can beat the bookie, which is not easy.
    Yes there will be a lower return but the key word is 'return', you are winning profit.
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    Originally Posted by calvesbrahhhh View Post
    Yes there will be a lower return but the key word is 'return', you are winning profit.
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    1000000=1000(1.07)^x


    brb winning 102 times in a row to become a millionaire


    chances of that hapening are .5^102. or pretty much 0
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